Filed March 31, 2022
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969 | Contract Administrator | $6,239 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,616 | $65,322-73.0% | $70,462-75.0% | $73,493-76.0% |
| Participation rate | 83.3% | 77.0%+6.4pp | 75.1%+8.3pp | 70.7%+12.7pp |
| Annual return | 11.33% | 15.71%-4.4pp | 109.08%-97.8pp | 28.51%-17.2pp |
| Employer contribution / active EE | $2,544 | $2,460+3.4% | $2,737-7.1% | $2,270+12.1% |
| Participant deferral / active EE | $1,941 | $3,375-42.5% | $3,710-47.7% | $3,740-48.1% |
| Admin fee / account holder | $33 | $214-84.7% | $3,845-99.1% | $513-93.6% |